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I added 7900 @ .19, up to 17900 @ .19ish.. it's a riskier one.. but i think bottom as well
g/l!
-rollin
DiaSys Corporation Announces New Distributors in Brazil, Portugal, New Zealand and Dominican Republic
Business Wire - July 25, 2005 10:00
WATERBURY, Conn., Jul 25, 2005 (BUSINESS WIRE) -- DiaSys Corporation (AMEX:DYX), a global healthcare products company announced today that it has entered into four new agreements to distribute the company's product lines in Brazil, Portugal, New Zealand and the Dominican Republic.
The company will distribute its product lines in Brazil through Genese. Genese's office is in San Paulo and was founded in 1992. Genese currently represents DSL, Euro Diagnostica and Linco.
In Portugal, COOPLAB will distribute the company's product lines. Founded in 1994 they currently represent Roche, Beckman Coulter, Orgenics and BioMerieux.
In New Zealand, Diagnostic Bioserve Limited founded in 1996 will distribute the company's product lines including a veterinary fecal concentrator device currently in prototype testing. Bioserve also represents Binax, Institut Pourquier, VMRD and Bio-X.
Bionuclear will distribute the company's product lines in the Dominican Republic. Founded in 1994, they are the largest diagnostic distributor in the Dominican Republic. Bionuclear currently represents Sysmex, Olympus, Medica, Tosoh and Sebia.
"We are now entering important world markets for DiaSys products. The company is executing our marketing plan in Latin America. New Zealand will compliment our partnership with Laboratory Diagnostics in Australia and will play an important role with our upcoming veterinary product. In Portugal, we continue to add to our established presence in Western Europe," stated Gregory Witchel, Chief Executive Officer of DiaSys Corporation.
DiaSys Corporation designs, develops, manufactures and distributes proprietary medical laboratory equipment, consumables and infectious disease test-kits to healthcare & veterinary laboratories worldwide. Headquartered in Waterbury, Connecticut USA, the Company operates in Europe through its wholly owned subsidiary based in Wokingham, England and in Pacific Asia through its strategic business partner located in Guangzhou, China. DiaSys, Parasep and Urisep are registered trademarks of DiaSys Corporation.
This press release contains forward-looking statements within the meaning of, and made pursuant to, the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company or events, or timing of events, relating to the Company to materially differ from those expressed or implied by such forward looking statements. DiaSys refers interested parties to its most recent Annual Report on Form 10-KSB and other SEC filings for a complete description of, and discussions about, the Company.
SOURCE: DiaSys Corporation
DiaSys Corporation
Gregory Witchel, 203-755-5083
Copyright Business Wire 2005
in 5k more DYX @ .19 em
in 5k UTYW @ .23 em
eagle, watching closely.. would love .151 em
in 5k DYX @ .20, off to Michigan, have a great weekend em
Duce,
Some days there are plays that will get you $$$$$ and other days nothing seems to pop out at you. On a slow day, +$80 seems better than nothing...
A big factor is.... are you doing this to survive.. is it what's going to support you and your family...
OR.. is it just for fun... the thrill....extra money...etc
-rollin
duce, it depends what your goals are and the amount of capital you have
if you can buy 100,000 shares of something at say .10 and sell for .11...then you just make $1000
that .01 gain was enough
but if you only have 1000 shares... then .01 isn't going to do anything for you except pay for your commission
trading is easiest with LOT$ of capital
no matter what.. the goal is the same... make money
charts, float, history..etc.. will help determine entry and exit points
g/l!
-rollin
thanks! it's been awhile since i posted a chart here lol
Nice! Hope you're short a ton eagle!! cha-ching!!! em
My Up and Coming Earnings Calendar->
* some of these are guestimated earnings dates, some are official... not saying these are all good plays.. just saying watch em. Personally, I'll be loading up on most of these before earnings... and the others I'll just keep a very close eye on. g/l!
--JULY25--
WEX -
--JULY26--
AFOP
--JULY29--
NXG
--AUG2--
MZT
--AUG4--
TTG
RMKR
--AUG5--
MYR
MIVA
--AUG9--
IRSN
DLK
--AUG11--
CRV
BSQR
CSTL
--AUG13--
EXXA
IKNX
ISO
PRG
--AUG1516--
MRY
ELSE
--AUG16-- ***My Favorite List/Day***
TRCI
CVV
HOM
SNFCA
CNVT.OB
BWEB
--AUG23--
TGC
-rollin
good morning all! em
our new home! tears in my eyes lol em
great! thanks Hweb.. I'll see you around here and post anything that may be of interest to the board
Hweb,
How are you doing? I don't know if you'll remember me from RB or not but I got into FORD and TPPP with you back then.
Have any high risk / high reward type earning plays you'd like to share?
I'm watching / considering:
CVV
HOM
WEX
AFOP
TFN
-rollin (Brian)
Universal Stainless Reports Strong 2005 Second Quarter Results
Wednesday July 20, 7:00 am ET
Quarterly earnings per share reach $0.50 on sales of $42 million
BRIDGEVILLE, Pa., July 20, 2005 (PRIMEZONE) -- Universal Stainless & Alloy Products, Inc. (NasdaqNM:USAP - News) reported today that sales for the second quarter of 2005 rose 44% to $41.9 million compared with the same period of 2004. Second quarter 2005 net income more than doubled to $3.3 million, or $0.50 per diluted share, versus $1.6 million, or $0.25 per diluted share, in the year-ago period.
ADVERTISEMENT
The Company's second quarter 2005 sales were in line with its forecasted range of $40 to $45 million and diluted EPS exceeded the projected range of $0.40 to $0.45.
President and CEO Mac McAninch commented: ``Our second quarter results demonstrate the benefit of improved pricing and a favorable product mix due to very strong demand in our aerospace, power generation and petrochemical markets. In fact, sales to all end markets and customer categories increased substantially over the 2004 second quarter. Capacity limitations on remelted products prevented us from achieving even higher levels of sales. The scheduled addition of a sixth vacuum arc remelt furnace later this year should enable us to respond to the increased requirements of the aerospace and power generation markets.''
Mr. McAninch continued: ``In contrast to the strength in our main markets, the automotive market has weakened. While not a niche market that we focus on, it reduced demand for our tool steel in the second quarter compared to the first quarter of this year. However, heavy truck and industrial equipment production remains high and our tool steel backlog is at more normal levels.''
Mr. McAninch added: ``We are very pleased with the improvement in the operating margin at both our Universal Stainless and Dunkirk segments, which led to an overall company operating margin of 13% in the second quarter. We are continuing to realize the payback from our 2004 capital investments, on-going process improvement efforts and cost recovery pricing initiatives.''
Mr. McAninch concluded: ``We are entering the second half of 2005 with a high level of confidence based on the outlook for our niche markets, and on the size and quality of our backlog that extends into 2007. We remain committed to reinvest in our company to meet the needs of our customers and realize further value for our shareholders.''
Segment Review
In the second quarter of 2005, the Universal Stainless & Alloy Products segment had sales of $37.2 million and operating income of $3.6 million, yielding an operating margin of 10%, a level not achieved since the first quarter of 2002. In the second quarter of 2004, sales were $25.5 million and operating income was $1.9 million, or 7% of sales. In the first quarter of 2005, sales were $38.4 million and operating income was $2.7 million, including a write-off of $342,000 of fixed assets in Bridgeville. This resulted in an operating margin of 7%.
The 46% increase in sales compared with the 2004 second quarter reflected substantial growth in sales to all customer categories. Second quarter 2005 sales were slightly lower than the prior quarter, reflecting the lower shipments of tool steel products to service centers, partially offset by increased bar shipments to them. The increase in operating income compared to both prior periods reflects stronger pricing and product mix.
The Dunkirk Specialty Steel segment reported sales of $12.4 million and operating income of $1.8 million, resulting in a record operating margin of 15%. These results compare with sales of $8.0 million and operating income of $651,000, or 8% of sales, in the second quarter of 2004. In the first quarter of 2005, sales were $13.7 million and operating income was $1.9 million, or 14% of sales, and included a $184,000 asset write-off.
Dunkirk's sales increased 54% over the 2004 second quarter due to substantial growth in shipments to all customer categories. Operating income increased 182% over the second quarter of 2004 on improvements in pricing, efficiency from higher volume and product mix. Dunkirk's sales were 9% lower than the 2005 first quarter mainly because of management's decision to allocate shipments of remelted feedstock from Bridgeville. Operating income was 2% lower than the prior quarter of 2005 due to the lower volume.
Business Outlook
The following statements are based on the Company's current expectations. These statements are forward-looking, and actual results may differ materially.
The Company estimates that third quarter 2005 sales will range from $40 to $45 million and that diluted EPS will range from $0.45 to $0.50. This compares with sales of $33.3 million and diluted EPS of $0.43 in the third quarter of 2004.
The following factors were considered in developing these estimates:
-- The Company's total backlog at June 30, 2005 approximated
$105 million compared to $88 million at March 31, 2005,
reflecting strong aerospace, power generation and petrochemical
markets. The Company noted that a portion of the backlog is for
shipments scheduled in 2006 and 2007, as customers take into
account future needs and current remelt capacity constraints
industry-wide.
-- Tool steel sales are expected to remain at 2005 second
quarter levels for the balance of the year as continued strength
in the industrial manufacturing sector is offset by lower
automotive requirements.
-- Sales from the Dunkirk Specialty Steel segment are expected to
approximate $13 million.
Webcast
A simultaneous Webcast of the Company's conference call discussing the second quarter of 2005 and the third quarter outlook, scheduled at 10:00 a.m. (Eastern) today, will be available on the Company's website at http://www.univstainless.com, and thereafter archived on the website. A telephone replay of the conference call will be available beginning at 12:00 noon (Eastern) today and continuing through July 27th. It can be accessed by dialing 706-645-9291, passcode 7308195. This is a toll call.
About Universal Stainless & Alloy Products, Inc.
Universal Stainless & Alloy Products, Inc., headquartered in Bridgeville, Pa., manufactures and markets a broad line of semi-finished and finished specialty steels, including stainless steel, tool steel and certain other alloyed steels. The Company's products are sold to original equipment manufacturers, service centers, forgers, rerollers and wire redrawers.
Forward-Looking Information Safe Harbor
Except for historical information contained herein, the statements in this release are forward-looking statements that are made pursuant to the ``safe harbor'' provision of the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve known and unknown risks and uncertainties that may cause the Company's actual results in future periods to differ materially from forecasted results. Those risks include, among others, risks associated with the receipt, pricing and timing of future customer orders, risks associated with significant fluctuations that may occur in raw material and energy prices, risks associated with the manufacturing process and production yields, risks related to property, plant and equipment and risks related to the ultimate outcome of the Company's current and future litigation and regulatory matters. Certain of these risks and other risks are described in the Company's filings with the Securities and Exchange Commission (SEC) over the last 12 months, copies of which are available from the SEC or may be obtained upon request from the Company.
UNIVERSAL STAINLESS & ALLOY PRODUCTS, INC.
FINANCIAL HIGHLIGHTS
(Dollars in thousands, except per share information)
(Unaudited)
CONSOLIDATED STATEMENT OF OPERATIONS
For the For the
Quarter Ended Six-Months Ended
June 30, June 30,
2005 2004 2005 2004
--------- --------- --------- ---------
Net Sales
Stainless steel $ 34,205 $ 22,889 $ 67,824 $ 39,057
Tool steel 4,359 3,742 10,376 6,908
High-strength low
alloy steel 1,642 1,064 2,764 1,925
High-temperature
alloy steel 711 613 1,736 1,322
Conversion services 850 596 1,964 928
Other 96 122 218 193
--------- --------- --------- ---------
Total net sales 41,863 29,026 84,882 50,333
Cost of products
sold 34,197 24,531 70,607 43,875
Selling and
administrative
expenses 2,385 1,947 4,292 3,475
--------- --------- --------- ---------
Operating income 5,281 2,548 9,983 2,983
Interest expense (200) (106) (372) (194)
Other income 3 3 63 11
--------- --------- --------- ---------
Income before taxes 5,084 2,445 9,674 2,800
Income tax provision 1,831 879 3,483 1,007
--------- --------- --------- ---------
Net income $ 3,253 $ 1,566 $ 6,191 $ 1,793
========= ========= ========= =========
Earnings per share
- Basic $ 0.51 $ 0.25 $ 0.97 $ 0.28
========= ========= ========= =========
Earnings per share
- Diluted $ 0.50 $ 0.25 $ 0.96 $ 0.28
========= ========= ========= =========
Weighted average
shares of Common
Stock outstanding
Basic 6,363,831 6,299,579 6,357,189 6,297,816
Diluted 6,451,326 6,355,148 6,459,901 6,345,591
--------------------------------------------------------------------
MARKET SEGMENT INFORMATION
For the For the
Quarter Ended Six-Months Ended
June 30, June 30,
2005 2004 2005 2004
--------- --------- --------- ---------
Net Sales
Service centers $ 17,050 $ 12,267 $ 35,357 $ 22,173
Rerollers 11,250 8,187 23,278 12,257
Forgers 7,907 5,133 14,170 8,949
Original equipment
manufacturers 2,597 1,904 4,921 3,838
Wire redrawers 2,113 843 4,985 2,039
Conversion services 851 596 1,965 928
Other 95 96 206 149
--------- --------- --------- ---------
Total net sales $ 41,863 $ 29,026 $ 84,882 $ 50,333
========= ========= ========= =========
Tons shipped 13,383 12,131 28,613 21,197
========= ========= ========= =========
BUSINESS SEGMENT RESULTS
Universal Stainless & Alloy Products Segment
For the For the
Quarter Ended Six-Months Ended
June 30, June 30,
2005 2004 2005 2004
--------- --------- --------- ---------
Net Sales
Stainless steel $ 23,536 $ 16,376 $ 45,313 $ 27,096
Tool steel 4,247 3,667 10,154 6,747
High-strength low
alloy steel 920 399 1,313 812
High-temperature
alloy steel 703 526 1,728 1,075
Conversion services 705 475 1,656 724
Other 43 106 160 152
--------- --------- --------- ---------
30,154 21,549 60,324 36,606
Intersegment 7,003 3,933 15,258 7,721
--------- --------- --------- ---------
Total net sales 37,157 25,482 75,582 44,327
Material cost
of sales 18,454 11,322 38,280 18,924
Operation cost
of sales 13,304 10,932 28,083 20,743
Selling and
administrative
expenses 1,755 1,331 2,896 2,362
--------- --------- --------- ---------
Operating income $ 3,644 $ 1,897 $ 6,323 $ 2,298
========= ========= ========= =========
Dunkirk Specialty Steel Segment
For the For the
Quarter Ended Six-Months Ended
June 30, June 30,
2005 2004 2005 2004
--------- --------- --------- ---------
Net Sales
Stainless steel $ 10,669 $ 6,513 $ 22,511 $ 11,961
Tool steel 112 75 222 161
High-strength low
alloy steel 722 665 1,451 1,113
High-temperature
alloy steel 8 87 8 247
Conversion services 145 121 308 204
Other 53 16 58 41
--------- --------- --------- ---------
11,709 7,477 24,558 13,727
Intersegment 663 558 1,481 1,053
--------- --------- --------- ---------
Total net sales 12,372 8,035 26,039 14,780
Material cost
of sales 6,442 3,902 13,556 7,379
Operation cost
of sales 3,465 2,866 7,389 5,603
Selling and
administrative
expenses 630 616 1,396 1,113
--------- --------- --------- ---------
Operating income $ 1,835 $ 651 $ 3,698 $ 685
========= ========= ========= =========
CONSOLIDATED BALANCE SHEET
June 30, December 31,
2005 2004
-------- --------
Assets
Cash $ 1,158 $ 241
Accounts receivable, net 27,669 24,562
Inventory 48,273 38,318
Other current assets 2,589 3,418
-------- --------
Total current assets 79,689 66,539
Property, plant & equipment, net 41,786 40,716
Other assets 568 585
-------- --------
Total assets $122,043 $107,840
======== ========
Liabilities and Stockholders' Equity
Accounts payable $ 16,397 $ 11,666
Bank overdrafts 452 2,638
Accrued employment costs 2,875 1,830
Current portion of long-term debt 1,053 2,044
Other current liabilities 923 442
-------- --------
Total current liabilities 21,700 18,620
Bank revolver 4,578
8,635
Long-term debt 11,978 3,555
Deferred taxes 10,232 10,093
-------- --------
Total liabilities 48,488 40,903
Stockholders' equity 73,555 66,937
-------- --------
Total liabilities and
stockholders' equity $122,043 $107,840
======== ========
CONSOLIDATED STATEMENT OF CASH FLOW DATA
For the Six-Months Ended June 30,
2005 2004
------- -------
Cash flows from operating activities:
Net income $ 6,191 $ 1,793
Adjustments to reconcile to net cash
provided by operating activities:
Depreciation and amortization 1,532 1,571
Deferred taxes 412 84
Tax benefit from exercise of stock options 115 3
Changes in assets and liabilities:
Accounts receivable, net (3,107) (6,858)
Inventory (9,955) (8,297)
Trade accounts payable 4,731 4,147
Accrued employment costs 1,045 907
Other, net 1,383 1,720
------- -------
Cash flow from (due to) operating activities 2,347 (4,930)
------- -------
Cash flow from investing activities:
Capital expenditures (2,931) (1,195)
------- -------
Cash flow due to investing activities (2,931) (1,195)
------- -------
Cash flows from financing activities:
Net borrowings under revolving line of credit (4,057) 3,167
Proceeds from long-term debt 8,050 --
Repayments of long-term debt (618) (983)
Net change in bank overdrafts (2,186) (508)
Proceeds from issuance of common stock 312 83
------- -------
Cash flow from financing activities 1,501 1,759
------- -------
Net cash flow $ 917 $(4,366)
======= =======
Contact:
Universal Stainless & Alloy Products, Inc.
Richard M. Ubinger
Vice President of Finance, Chief Financial Officer
and Treasurer
(412) 257-7606
Comm-Partners LLC
June Filingeri
(203) 972-0186
--------------------------------------------------------------------------------
Source: Universal Stainless & Alloy Products, Inc.
Hi Bounce peeps! Good to see you guys moving here.. it's a much better board and format. I tried to get the move to take place about a year ago when i was still trading ... but people tend to stick with what's working (sounds like rb isn't too often.. especially w/ spammers)
good luck guys!!!
bye 4 now
-rollin
CNV(.27) CFV Technologies says plans Biorem unit IPO
Monday August 16, 8:05 pm ET
SAN FRANCISCO, Aug 16 (Reuters) - CVF Technologies Corp. (AMEX:CNV - News), a technology development company, said on Monday that it plans to take public its majority-owned Biorem filter business in the next 90 to 120 days.
CVF, based on Williamsville, New York, which owns 69 percent of the Guelph, Ontario-based unit, said in a statement that it is "in advanced negotiations with several investment groups concerning taking Biorem public in Canada."
CVF Technologies said that the unit, Biorem Technologies Inc., is now into its third year of profitability and revenue growth.
CNV(.27) CFV Technologies says plans Biorem unit IPO
Monday August 16, 8:05 pm ET
SAN FRANCISCO, Aug 16 (Reuters) - CVF Technologies Corp. (AMEX:CNV - News), a technology development company, said on Monday that it plans to take public its majority-owned Biorem filter business in the next 90 to 120 days.
CVF, based on Williamsville, New York, which owns 69 percent of the Guelph, Ontario-based unit, said in a statement that it is "in advanced negotiations with several investment groups concerning taking Biorem public in Canada."
CVF Technologies said that the unit, Biorem Technologies Inc., is now into its third year of profitability and revenue growth.
CNV(.27) CFV Technologies says plans Biorem unit IPO
Monday August 16, 8:05 pm ET
SAN FRANCISCO, Aug 16 (Reuters) - CVF Technologies Corp. (AMEX:CNV - News), a technology development company, said on Monday that it plans to take public its majority-owned Biorem filter business in the next 90 to 120 days.
CVF, based on Williamsville, New York, which owns 69 percent of the Guelph, Ontario-based unit, said in a statement that it is "in advanced negotiations with several investment groups concerning taking Biorem public in Canada."
CVF Technologies said that the unit, Biorem Technologies Inc., is now into its third year of profitability and revenue growth.
hi stocktrader_mike! AAC nice earnings.. should go tomorrow.. i'll be looking for an entry
g/l!
rollin
prof, another benefit is chart posting directly into msgs->
i say we move here.. ihub is WAY better than rb.. i think i paid like $80 for a year .. maybe it was lifetime membership BUT you get unlimited posting and private messaging.. so it's worth it imo
unlimited membermarking capabilities
hi prof! look at that you already have a membermark lol
now i remember why i stay away from otc's em
wtf on bibo from .0038 x .004 to .0031 x .0037 on barely any vol? glad i bought this pos LOL... good thing it's just gambling money
in BIBO
and target link
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00676&read=96073
in BIBO
and target link
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00676&read=96073
in BIBO
and target link
http://ragingbull.lycos.com/mboard/boards.cgi?board=CLB00676&read=96073
lol... i hear ya fred. em
hi nova and fred! the chickens might be coming home to roost soon ;) it seems our ragingbull board is a penny pumping ground now
rollin'
DLK
this today->
Semotus Reports First Quarter Financial Results
Monday August 9, 7:00 am ET
Company Increases Revenues by 25%
LOS GATOS, Calif., Aug. 9, 2004 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK - News), an innovative provider of real-time professional market data and intelligent wireless communications software, reported its financial results for the three months ended June 30, 2004. The Company's focus on marketing and sales was reflected in a 25% increase in revenues to $440,574 in the quarter ended June 30, 2004 versus $353,662, in the quarter ending June 30th 2003. The revenue increase is the result of a recovering technology economy with increased IT purchases and the result of the Company having increased its sales force. Semotus also reduced its cash burn from operations by 76%. Gross profit margin increased to 84% for the three months ended June 30, 2004.
ADVERTISEMENT
Semotus reported net income of $314,959 or $0.01 per share for the three months ended June 30, 2004 versus a net loss of $(672,704) or $(0.03) per share for the three months ended June 30, 2003. This operating improvement was accomplished through increased revenues and a continuing reduction in operating costs. The net income was also affected by a non-cash reversal of stock compensation expense as explained in the following paragraph.
The net income of $314,959 in the quarter ended June 30, 2004 was positively affected by a non-cash reversal of stock compensation expense of $555,191 due to the application of the variable method of accounting for certain stock options that were re-priced. This is further discussed in the Company's 10-QSB, in Note 4 to the Consolidated Financial Statements, ``Stock Based Compensation,'' in accordance with generally accepted accounting principles. Eliminating this non-cash reversal, Semotus had a loss from operations of $240,000.
Semotus' operating performance continued to improve, as evidenced by a continued increase in its gross profit margin to 84% from 77% for the three months ended June 30, 2004 versus 2003, respectively. Also furthering the Company's goal of cash breakeven, Semotus reduced its overall use of cash by 76% to $53,214 from $224,608 in the period ended June 30, 2004 versus 2003. The reduction is the result of the improvement in cash from operations as the Company has continued to grow its revenues while at the same time reducing its operating expenses. The Company believes its cash position of $1,663,838 provides sufficient reserves to execute its current business plan.
``The improvements in our revenues reflect the recent investments we have been making in marketing and sales,'' stated Anthony LaPine, Semotus CEO. ``I am equally pleased with the almost breakeven cash performance we achieved.''
``The financial results for the Company's first quarter of fiscal year 2005 adds credibility to my belief that the market has undervalued the Company,'' stated LaPine. ``Semotus has no debt, growing revenues, 84% gross profit margins, a Fortune 1000 customer base, excellent products, cash reserves, low burn rate, no litigation, a clean equity structure (no toxic preferred or convertibles), and an experienced and talented management team.''
Financial Webcast
Semotus will conduct a webcast to allow securities analysts and shareholders the opportunity to hear management discuss the company's quarterly results. The webcast will begin at 4:00 PM ET on Wednesday, August 11th, 2004. The live broadcast of the webcast can be accessed via the Investor Relations page of Semotus Solution's website at http://www.semotus.com or through http://www.vcall.com. Please email questions you wish addressed to the company at ir@semotus.com. The event will be archived and available for replay for 90 days.
About Semotus Solutions
Founded in 1993, Semotus Solutions (AMEX:DLK - News) is a premier provider of software for the mobile enterprise connecting employees to critical business systems, information and processes. Semotus has a Fortune 1000 installed customer base and more than 600 corporate clients including Lockheed Martin, Blue Cross Blue Shield, Coca-Cola, Hewlett Packard, Nextel Communications, JP Morgan-Chase, and The United Nations. Semotus Solutions' software provides mobility, convenience, efficiency and profitability in the areas of workforce automation, finance, healthcare, and m-commerce. http://www.semotus.com
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ``intends'', ``believes'' and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
Semotus Solutions
Don Meyer, Marketing Manager
(408) 358-7003
dmeyer@semotus.com
Investor Relations
Tali Durant, Corporate Counsel
(408) 358-7100
tdurant@semotus.com
DLK
this today->
Semotus Reports First Quarter Financial Results
Monday August 9, 7:00 am ET
Company Increases Revenues by 25%
LOS GATOS, Calif., Aug. 9, 2004 (PRIMEZONE) -- Semotus Solutions (AMEX:DLK - News), an innovative provider of real-time professional market data and intelligent wireless communications software, reported its financial results for the three months ended June 30, 2004. The Company's focus on marketing and sales was reflected in a 25% increase in revenues to $440,574 in the quarter ended June 30, 2004 versus $353,662, in the quarter ending June 30th 2003. The revenue increase is the result of a recovering technology economy with increased IT purchases and the result of the Company having increased its sales force. Semotus also reduced its cash burn from operations by 76%. Gross profit margin increased to 84% for the three months ended June 30, 2004.
ADVERTISEMENT
Semotus reported net income of $314,959 or $0.01 per share for the three months ended June 30, 2004 versus a net loss of $(672,704) or $(0.03) per share for the three months ended June 30, 2003. This operating improvement was accomplished through increased revenues and a continuing reduction in operating costs. The net income was also affected by a non-cash reversal of stock compensation expense as explained in the following paragraph.
The net income of $314,959 in the quarter ended June 30, 2004 was positively affected by a non-cash reversal of stock compensation expense of $555,191 due to the application of the variable method of accounting for certain stock options that were re-priced. This is further discussed in the Company's 10-QSB, in Note 4 to the Consolidated Financial Statements, ``Stock Based Compensation,'' in accordance with generally accepted accounting principles. Eliminating this non-cash reversal, Semotus had a loss from operations of $240,000.
Semotus' operating performance continued to improve, as evidenced by a continued increase in its gross profit margin to 84% from 77% for the three months ended June 30, 2004 versus 2003, respectively. Also furthering the Company's goal of cash breakeven, Semotus reduced its overall use of cash by 76% to $53,214 from $224,608 in the period ended June 30, 2004 versus 2003. The reduction is the result of the improvement in cash from operations as the Company has continued to grow its revenues while at the same time reducing its operating expenses. The Company believes its cash position of $1,663,838 provides sufficient reserves to execute its current business plan.
``The improvements in our revenues reflect the recent investments we have been making in marketing and sales,'' stated Anthony LaPine, Semotus CEO. ``I am equally pleased with the almost breakeven cash performance we achieved.''
``The financial results for the Company's first quarter of fiscal year 2005 adds credibility to my belief that the market has undervalued the Company,'' stated LaPine. ``Semotus has no debt, growing revenues, 84% gross profit margins, a Fortune 1000 customer base, excellent products, cash reserves, low burn rate, no litigation, a clean equity structure (no toxic preferred or convertibles), and an experienced and talented management team.''
Financial Webcast
Semotus will conduct a webcast to allow securities analysts and shareholders the opportunity to hear management discuss the company's quarterly results. The webcast will begin at 4:00 PM ET on Wednesday, August 11th, 2004. The live broadcast of the webcast can be accessed via the Investor Relations page of Semotus Solution's website at http://www.semotus.com or through http://www.vcall.com. Please email questions you wish addressed to the company at ir@semotus.com. The event will be archived and available for replay for 90 days.
About Semotus Solutions
Founded in 1993, Semotus Solutions (AMEX:DLK - News) is a premier provider of software for the mobile enterprise connecting employees to critical business systems, information and processes. Semotus has a Fortune 1000 installed customer base and more than 600 corporate clients including Lockheed Martin, Blue Cross Blue Shield, Coca-Cola, Hewlett Packard, Nextel Communications, JP Morgan-Chase, and The United Nations. Semotus Solutions' software provides mobility, convenience, efficiency and profitability in the areas of workforce automation, finance, healthcare, and m-commerce. http://www.semotus.com
This press release contains forward-looking statements, which are made pursuant to the Safe-Harbor provisions of the Private Securities Litigation Reform Act of 1995. Words such as ``intends'', ``believes'' and similar expressions reflecting something other than historical fact are intended to identify forward-looking statements, but are not the exclusive means of identifying such statements. These forward-looking statements involve a number of risks and uncertainties, including the timely development and market acceptance of products and technologies, the ability to secure additional sources of finance, the ability to reduce operating expenses, and other factors described in the Company's filings with the Securities and Exchange Commission. The actual results that the Company achieves may differ materially from any forward-looking statement due to such risks and uncertainties. The Company undertakes no obligation to revise or update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release.
Contact:
Semotus Solutions
Don Meyer, Marketing Manager
(408) 358-7003
dmeyer@semotus.com
Investor Relations
Tali Durant, Corporate Counsel
(408) 358-7100
tdurant@semotus.com
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